Consider this: You’re a long-tenured, top advisor at the same firm for most of your career, and you’re looking to work another five years or so. Some initial introspection is telling you that where you are now may not be where you want to be when you retire. The freedom, flexibility and support you had hoped for at this stage just isn’t there, and you worry that leaving the client relationships you have spent a lifetime building just isn’t quite right. Yet you wonder if a move so close to retirement might not be ideal—causing far more disruption than it’s worth.

Source: Move Once, Monetize Twice | Careers content from WealthManagement.com

Morgan Stanley clinched a $3.3 million producer from rival UBS.Marc Kessler managed client assets worth $658 million while at UBS before making the move, according to On Wall Street’s Top 40 Under 40 rankings.  Kessler was featured as No. 27 on the original ranking, based on production figures. A second ranking, according to AUM, dropped him to No. 16.

Source: Morgan Grabs $3.3M Producer From UBS | IAG Breaking News

Regional brokerage firm Robert W. Baird & Co. Inc. has scored a large recruiting win with the addition of six advisers from Wells Fargo Advisors who previously managed some $1.1 billion in assets combined.

The group, which will open a new office for Baird in Wichita, Kan., brought in $5.44 million in annual revenue from those assets, according to a press release.

via Baird scoops up advisers with $1.1 billion from Wells Fargo.

(Bloomberg) — Stifel Financial, the Missouri-based investment bank known for snapping up regional rivals and Wall Street castoffs, agreed to buy Barclays’s U.S. wealth management business.

Barclays had about 180 financial advisors in the U.S. managing $56 billion in total client assets as of May 31, St. Louis-based Stifel said Monday in a statement that didn’t include terms. Barclays had bought the unit with other Lehman Brothers operations in 2008 and was faulted by regulators last year for inadequate internal controls there.

via Stifel to Buy Barclays Wealth Management Unit | IAG Breaking News.

Two advisors joined Merrill Lynch from UBS, where they generated more than $3 million in annual revenues, according to a Merrill spokeswoman.Advisors Matt Yonally and Chris Compogiannis managed more than $300 million in assets while at UBS.Yonally said they made the move to Merrill because “we believe that their lending capabilities and goals-based wealth management process distinguishes them from other firms.”

via Merrill Grabs $3M UBS Team | IAG Breaking News.

Merrill Lynch lured away an advisor team generating $4 million in annual revenue from Morgan Stanley, a spokeswoman said.The team, led by advisor John Mirsepahi, joined Merrill’s Rockefeller Center office in New York last week. Mirsepahi was reuniting with the firm, after previously working for Merrill from 1999 to 2005 before leaving to join Smith Barney.

via Merrill Grabs $3B Team From Morgan | IAG Breaking News.

Morgan Stanley said it recruited advisors who collectively managed more than $1.6 billion in assets from rivals UBS and HSBC.In the largest of three moves, Morgan picked up a UBS team that had $1.3 billion in AUM. The group joined Morgan Stanley Private Wealth Management in Los Angeles, where the team’s members report to Complex Manager Greg Laetsch.The team’s leader, Greg Fullmer, started his financial services career with Goldman Sachs in 1988, according to FINRA records. He joined UBS in 2004. Also on the team are Daniel Hawkins, Douglas Dyakon, Joel Russak, Alex London, Emma Goodman and J.B. Kalin.

via $1.3B Team Lands at Morgan | IAG Breaking News.

Stifel Nicolaus recruited two advisor teams managing nearly $290 million in assets from rival brokerage D.A. Davidson, according to a Stifel spokesman.In the larger of the two moves, advisors David Kuhns and Chris Molvig joined Stifel in Billings, Mont. While at Davidson, they managed about $159 million in client assets.

via Stifel Recruits Advisors Managing $290M | On Wall Street.